Orange County, December 13, 2025

The New York State government has announced a $25.48 million investment to develop a new business park in Orange County. This initiative aims to enhance the region’s economic growth by attracting high-tech manufacturing sectors such as life sciences, microelectronics, and clean technology. The project, located on a 116-acre site in Montgomery, will improve infrastructure and assist small businesses, ultimately creating jobs and boosting local economies.

Albany, NY

New York State Allocates $25.48 Million for Orange County Business Park Development

The New York State government has committed $25.48 million to the development of a new business park in Orange County, aiming to bolster the region’s economic growth and attract high-tech manufacturing industries. This comprehensive funding initiative marks a significant step towards improving infrastructure and fostering an environment conducive to entrepreneurial innovation.

With a focus on reducing barriers for small businesses, this investment fits into a broader strategy to stimulate job creation and economic expansion in New York. The state recognizes the importance of supporting high-tech sectors, particularly in areas such as life sciences, microelectronics, and clean technology. By enhancing facilities and resources, New York is paving the way for long-term sustainable growth in these industries.

Investment Details

The $25.48 million investment is part of the state’s ongoing efforts to enhance infrastructure geared towards high-tech manufacturing. This funding is set to significantly transform the economic landscape of not just Orange County, but also the surrounding regions.

Strategic Location

The business park will be located on a 116-acre site in Montgomery, strategically positioned near Orange County Airport and major transportation routes like I-84. This prime location enhances accessibility to critical markets and offers proximity to various innovation hubs, which is vital for attracting and retaining talented and skilled workforce from downstate New York.

Economic Development Goals

The overarching goal of this development is to create a magnet for supply chain-oriented manufacturers, with a particular emphasis on the semiconductor industry. By crafting a nurturing environment for high-tech enterprises, the project is anticipated to generate substantial economic benefits, including job creation and increased tax revenues that will positively impact local budgets.

Background Context

This initiative is part of New York State’s broader strategy to invest in critical infrastructure and development ventures that support advanced manufacturing. Just months earlier, the state allocated over $45 million to improve several locations in New York to attract high-tech manufacturing businesses. Such investments reflect a commitment to strengthening the state’s economy through intelligent allocation of resources aimed at fostering entrepreneurial success.

Community Impact

The local leaders view this project with a sense of optimism, recognizing its potential to catalyze a transformational change in the region’s economic outlook. The business park is expected to embody a model for sustainable economic growth, reliant on strategic planning, cutting-edge manufacturing capabilities, and robust support from community leadership.

Next Steps

With funding secured, construction plans are now underway, involving infrastructure development and site preparation. The business park aims to be operational in the coming years, ultimately contributing to a more vibrant economic landscape for Orange County and the surrounding areas.

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